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...The company’s UK operations have been losing about £1.5mn a day. T V Narendran, Tata Steel’s chief executive, told the Financial Times the status quo was “not sustainable”....
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...“Energy security has become a priority for the country since last year, because of geopolitical issues,” said Evan Li, head of Apac energy transition research at HSBC....
...But it is the first to choose a COP president, Sultan al-Jaber, who is also chief executive of one of the world’s biggest fossil fuel companies — the Abu Dhabi National Oil Company....
...In 1990, coal-fired power stations generated about 80 per cent of the UK’s electricity....
...The highest inflation rate in four decades, combined with pandemic-related supply chain issues, the impact of extreme weather, and the fallout from the war in Ukraine add up to a lump of coal in the nation...
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...Before Green showed up, the last person to put it on the map was the Reverend Theophilus Evans, in 1732....
...“So far this year, the geopolitical situation has completely sapped momentum,” says Tom Evans, a policy adviser at climate think-tank E3G....
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...“We are asking people to do a physical job in a cold room without any windows, for long periods of time,” he says, adding wryly: “The glamour of the industry is not at the coal face.”...
...If you’ve got thoughts about this or a topic that would suit a future installment of the Future of Money, email me at sid.v@ft.com....
...“What’s happening with the streaming services is the canary in the coal mine,” he said....
...Tata Steel’s chief executive, T V Narendran, warned that time was running short to make the business sustainable given high energy prices....
...“I am sceptical that it can be done in the next few years,” says Evan Laksmana, a senior research fellow at the National University of Singapore....
...And let’s not overlook the backlash to the Supreme Court rule, the Dobbs ruling on scrapping Roe v Wade....
...That could mean extending the life of coal-fired power plants due to close, simply to get through next winter....
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